The financial statements of Clearwater Furniture Company include the following items: 2017 2016 Cash $63,500 $51,000 28,000 17,000 106,000 94,000 Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Longterm Note Payable 157,000 143,000 531,000 544,000 217,000 234,000 62,000 52,000 Using the following formula, what is 2017 cash ratio? (Round your answer to two decimal places.). FORMULA: Cash ratio = (Cash + Cash equivalents) / Total current liabilities O A. 0.12 OB.0.27 loc. 0.21